
Merrill: Confidence...


| Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
| Assets | ||||
|---|---|---|---|---|
| Cash and Equivalents | 24.21M | 4.56M | 2.96M | 1.89M |
| Receivables | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Current Assets | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Current Assets | 24.62M | 4.66M | 3.28M | 2.06M |
| Property, Plant & Equipment, Gross | 154.00K | 123.00K | 109.00K | 102.00K |
| Accumulated Depreciation & Depletion | 101.00K | 108.00K | 102.00K | 90.00K |
| Property, Plant & Equipment, Net | 53.00K | 15.00K | 7.00K | 12.00K |
| Intangibles | 0.00 | 0.00 | 0.00 | 885.00K |
| Other Non-Current Assets | 2.16M | 1.38M | 1.17M | 0.00 |
| Total Non-Current Assets | 2.21M | 1.40M | 1.18M | 897.00K |
| Liabilities & Shareholder Equity | ||||
| Total Assets | 26.83M | 6.06M | 4.46M | 2.96M |
| Accounts Payable | 3.24M | 1.14M | 1.15M | 2.04M |
| Short Term Debt | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Current Liabilities | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Current Liabilities | 3.80M | 1.40M | 1.30M | 2.40M |
| Long Term Debt | 0.00 | 0.00 | 0.00 | 0.00 |
| Deferred Income Taxes | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Non-Current Liabilities | 0.00 | 0.00 | 0.00 | 0.00 |
| Minority Interest | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Non-Current Liabilities | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 3.80M | 1.40M | 1.30M | 2.40M |
| Preferred Stock Equity | 0.00 | 0.00 | 0.00 | 0.00 |
| Common Stock Equity | 23.03M | 4.67M | 3.17M | 562.00K |
| Common Par | 17.00K | 12.00K | 9.00K | 26.00K |
| Additional Paid In Capital | 234.30M | 197.77M | 183.78M | 176.39M |
| Cumulative Translation Adjustment | 0.00 | 0.00 | 0.00 | 0.00 |
| Retained Earnings | -209.90M | -191.74M | -179.24M | -174.48M |
| Treasury Stock | -1.38M | -1.38M | -1.38M | -1.38M |
| Other Equity Adjustments | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Capitalization | 23.03M | 4.67M | 3.17M | 562.00K |
| Total Equity | 23.03M | 4.67M | 3.17M | 562.00K |
| Total Liabilities & Stock Equity | 26.83M | 6.06M | 4.46M | 2.96M |
| Total Common Shares Outstanding | 17.16M | 12.36M | 8.93M | 6.38M |
| Preferred Shares | 0.00 | 0.00 | 0.00 | 0.00 |
| Treasury Shares | 112.35K | 112.35K | 112.35K | 112.35K |
| Basic Weighted Shares Outstanding | 15.35M | 11.96M | 8.06M | 4.34M |
| Diluted Weighted Shares Outstanding | 15.35M | 11.96M | 8.06M | 4.34M |
| Number of Employees | 21 | 13 | 6 | 5 |
| Number of Part-Time Employees | 0 | 0 | 0 | 0 |